Assessee Entitled to Section 54EC Benefits for Long-Term Capital Gains on Depreciable Assets; Section 50 Does Not Alter Asset Type.

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....Deduction u/s 54EC - LTCT or STCG - Investment of consideration against sale of depreciable assets - Section 50 cannot convert long term capital assets into short term capital assets. So the assessee is entitled for benefit of section 54EC of the Act as it has capital gain arisen out of long term capital assets invested in specified assets - AT....